Via an overnight note from a securities firm in Japan (SMBC NIkko)
- the firm cites the European Central Bank as likely to continue with its easing policy
- short term rates IN Eu lower than in Japan
- potential ECB rate cuts to make EUR even more attractive as a funder
Also says the USD will lose out against both as the Fed turns dovish. Yen to be the strongest of the three for the balance of 2019.
